Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Phemex−0.007%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.007%, 7d avg −0.016%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09865	0.0100	pay 0.0100% / 8h	4h 48m	$90.7M	$16.6M	50x
Short	Binance DOGEUSDT	0.09864	0.0100	get 0.0100% / 8h	4h 48m	$314.9M	$1.45B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.016%: $0.91
Slippage, 4 orders: −$9.99
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.08
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	0.50 bp	10.7 bp −$11	31.2 bp −$312	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.50 bp	5.6 bp −$6	8.6 bp −$86	20.0 bp −$2,004	51.7 bp −$25.8K

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DOGEUSDT	−0.0061%	8h	0.09860	−0.051%	$149.1M	$275.0M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0032%	1h	0.09860	−0.050%	$5.7M	$35.4M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09864	−0.012%	$431K	$5.2M	2.8x	as long as short
dYdX DOGE-USD	+0.0001%	1h	0.09857	−0.085%	$221K	$49K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09863	−0.025%	$23K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0014%	1h	0.09865	+0.002%	$589K	$118K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0026%	1h	0.09860	−0.051%	$257K	$830K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09869	+0.041%	$2K	$448K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09869	+0.045%	$744K	$6.2M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09864	−0.010%	$523K	$1.0M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09863	−0.020%	$4.5M	$48.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09863	−0.024%	$320K	$482K	20x	as long as short
Binance DOGEUSDTshort	+0.0100%	8h	0.09864	−0.007%	$314.9M	$1.45B	75x
Bybit DOGEUSDT	+0.0100%	8h	0.09865	0.000%	$158.8M	$443.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09867	+0.020%	$109.9M	$984.9M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09930	+0.659%	$381K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09861	−0.041%	$242.0M	$133.0M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09865	0.000%	$111.2M	$233.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09862	−0.030%	$65.1M	$43.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09859	−0.061%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09864	−0.010%	$309K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09868	+0.028%	$979K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09908	+0.433%	$295K	$129.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09916	+0.513%	$624K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	+0.051%	$143K	$283K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09865	0.000%	$69K	$436K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09863	−0.025%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09871	+0.056%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09861	−0.041%	$2K	$4.0M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09864	−0.010%	$5.9M	$57.2M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09865	long leg	$90.7M	$16.6M	50x
Paradex DOGE-USD-PERP	+0.0101%	8h	0.09861	−0.043%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09862	−0.032%	$495K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09860	−0.047%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.09875	+0.097%	$526	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0188%	1h	0.09862	−0.028%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09855	−0.101%	$15.4M	$24.9M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.09913	+0.486%	$64K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09863	−0.023%	$309K	—	200x	as long as short
Hyperliquid DOGE	+0.0278%	1h	0.09876	+0.107%	$120.2M	$100.1M	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0296%	1h	0.09865	0.000%	$2.3M	$26.5M	50x	as long as short
Arcus DOGE-USD	+0.0690%	1h	0.09886	+0.213%	$117K	$189K	10x	as long as short
RISEx DOGE/USDC	+0.0695%	1h	0.09877	+0.122%	$399K	$411K	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09890	+0.253%	$5K	$239K	12x	as long as short